The institutional design of the budget process: theory and methodology

The article deals with the theory and methodology of income and expenditure management of the Federal budget based on the analysis of institutional, econometric, project and financial dependencies formed within the framework of the budget and tax system. The effective functioning of the economy requires institutions of combining incentives of all participants of the budget process, which will allow to coordinate their behavior without distorting preferences. The main results of the study include the development of: typology of contradictions of subjects of the budget and tax system and fiscal policy in the Russian Federation; models of forward and backward linkages in the budget and tax system of Russia. The discussion of the results of the study was conducted taking into account the historical experience of the development of the theory of public sector income and, in General, the theory of public goods. In the article the substantiation of the research results is presented in the context of sequential change of four approaches - classical, neoclassical, Keynesian, institutional. Norms and rules (institutions) are of particular value in the process of project-oriented management, as they ensure the feasibility of the project. The development of rules and regulations for decision-making in the process of implementing the strategy is the most effective management tool in the field of public Finance and the public sector of the economy.